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EV Savings vs Gas

Hyundai Ioniq 6 Running-Cost Savings

The 2026 Hyundai Ioniq 6 returns about 4.1 miles per kWh. Against a comparable gas car, that adds up to real annual savings — quantified below, then adjustable to your local electricity price.

The Ioniq 6 returns about 4.1 mi/kWh from a 77 kWh pack for an EPA-rated 342 miles, so your per-mile energy cost comes straight off your local electricity rate. Against a 28-MPG gas car, the saving compounds with mileage, and high-mileage drivers recover the $39k car's price premium fastest.

Key assumptions for this page

EV efficiency4.1 mi/kWh
Annual electricity cost$498
Comparable gas car annual fuel$1,457
Estimated annual fuel savings$959

Sources: Edmunds · U.S. Bureau of Labor Statistics — figures are estimates last reviewed 2026; verify before purchase.

What is source-backed vs modeled?

Published sources help shape the baseline where available. Local insurance and ownership indexes are modeled estimates, not insurer or lender quotes — they combine public demographic and cost signals with conservative assumptions. Replace the defaults with your own quote before deciding.

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Your numbers

Annual fuel savings

$909

EV vs gas

5-year savings

$4,543

EV cost per mile

$0.05

vs 0.12 gas

EV: annual electricity cost$549
Gas: annual fuel cost$1,457
Electricity used per year3,428.57
Gasoline used per year428.57

Insight — Most of an EV's lifetime savings come from cheaper 'fuel': electricity at home is typically a fraction of the per-mile cost of gasoline. The gap widens as gas prices rise or as you drive more miles each year.

What if Annual mileage changes?

Annual mileageAnnual fuel savings
6,000 mi $454
12,000 mi · now$909
18,000 mi $1,363
24,000 mi $1,817

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Charging, payback and running cost depend on your mileage and local prices — benchmark them before you commit.

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Good to know

Specific, useful answers for this page.

How much does the Ioniq 6 save versus a gas car?

At 4.1 mi/kWh, the Ioniq 6's per-mile energy cost is well below a 28-MPG gas car. The exact annual saving depends on your electricity price and mileage — calculated live above.

What does a full charge cost and how far does it go?

The Ioniq 6's 77 kWh pack delivers an EPA-rated 342 miles, so at 4.1 mi/kWh you refill what you use rather than a full tank. Multiply your local kWh price by 77 for a real per-charge cost.

How long until the Ioniq 6 pays back its price premium?

EVs often cost more upfront than an equivalent gas model, and the $39k Ioniq 6 is no exception. At 4.1 mi/kWh the fuel saving narrows that gap each year; high-mileage drivers reach break-even far sooner than light ones. The calculator above turns your mileage into a payback timeline.